hotel demand and room revenue is unlikely to happen until 2023 and 2024, respectively, according to the slightly downgraded STR and Tourism Economics forecast released at the 2020 Hotel Data Conference on August 13. MORE

In the meantime, the market for virtual events is projected to grow from $14 billion annually to $18 billion by 2023. What does the future of education look like for associations? We research the trends that are impacting the market for lifelong learning that you can read about here. In this article, we want to highlight two trends in particular that we feel are relevant to AssociationSuccess.org readers. Virtual Conferences. Associations have been slow to jump on this growing trend. MORE

“Even assuming a historically high annual attrition rate—those who die or retire from the academy—of 200 of the organization’s oldest members, with those leaving the academy replaced by inductees whose demographics mirror those of the last two classes, the academy still would be 89 [percent] white and 72 [percent] male by 2023. MORE

airports need tens of billions of dollars in new investment every year to keep up with growing passenger and cargo needs—$128 billion through 2023, with 56 percent of that money required to fund terminal upgrades. MORE

Opening in 2023. I flew in and out of LAX this week. It's not a frequent airport for me -- I can't even remember the last time I was there. But something happened there that I thought was worth blogging about. When I arrived for my return flight home I didn't at first recognize anything as unusual. My Uber driver dropped me off curbside, I got my boarding pass from the automated machine, I found the TSA pre-check line and went through security. All normal. MORE

Given that the Kronos Quartet is nearing its 50th anniversary in 2023—and three of its four current members, including founder David Harrington, have been active in the quartet for more than 40 years—Cowperthwaite and her board have put a recent focus on succession planning. The Kronos Performing Arts Association helps manage the Kronos Quartet, a well-known international touring act—while keeping a focus on the underlying mission that drives the group’s work. MORE

According to the report, mobile payment technology is making significant strides, and it points to these statistics as proof: In 2013, banks handled $410 trillion in noncash transactions, and that number is expected to reach $780 trillion by 2023. Business travelers are continuing to use new tools and apps inspired by the leisure travel and retail industries. Association meetings need to adopt them in order to remain relevant to attendees. MORE

In the association space, we’ve got to take 2020 and the learning from it, and start planning for 2023. In the association space, we've got to take 2020 and the learning from it, and start planning for 2023. MORE

March 4, 2013. There’s a new techno-twist brewing for Peter Senge’s learning organizations and Albert Bandura’s social learning. read more. Blog Association Executives Association Volunteers Engage Volunteers Grow Member Communities Association Management Chapter Community Innovation MORE

For each indicator, we'll ask each Board member to select the descriptions they believe most likely to be true for our industry in 2023. One of those descriptions will be true in 2023. Two weeks ago, in Step Four: Discussing the Strategic Implications , I continued a description of a Scenario Planning exercise my Board chair and I decided to conduct at our most recently completed Board meeting. MORE

It was clearly time to not just dust off the 2013 report, but to use its methodology to look forward again, five more years, to 2023. I had a good discussion with my Board chair this week. We're looking ahead to our next Board meeting and it's time to start framing an agenda for the discussions that will take place there. MORE

However, the number of high school graduates in the state will decline by 8% between now and 2023. By engaging prospective professionals at an early stage, we ensure that our industry will thrive for years to come. When even planning for the next two years can feel overwhelming, plotting out the bigger picture at your association takes initiative. MORE

The bill, officially called AB 1162, would take effect in 2023 for hotels with more than 50 rooms and a year later for all other hotels and rental homes. Soon disappearing from your hotel experience, at least in California: individual containers of soap and shampoo. Also: Bring an outside perspective into board meetings. MORE

billion by 2023. Is your association leveraging technology to its fullest potential? You can elevate the success of your online community and marketing automation activities by integrating solutions that fuel long-term engagement , like data collection, mobile apps, and volunteer management programs. MORE

Kaiser also found that the share of employers impacted could grow exponentially over the years if changes to plans are not made—up to 30 percent in 2023 and 42 percent in 2028. In comments to the IRS, ASAE suggests the excise tax on high-cost health plans could be a “nightmare” for employers and may result in a reduction of employees’ benefits. MORE

According to a summary, the deal proposes to save $28 billion over 10 years “by requiring the president to sequester the same percentage of mandatory budgetary resources in 2022 and 2023 as will be sequestered in 2021 under current law [the 2011 Budget Control Act].” “Mandatory budget resources” largely means Medicare, and the dates specified mean providers’ payments would take a hit for two more years beyond the 10-year sequestration period. MORE

The World Economic Forum’s report, “Deep Shift,” puts a timeline on when key technologies will be mainstream: robots and automation (tipping point 2021); Internet of Things, wearable Internet, 3D printing and manufacturing (tipping point 2022); supercomputers in our pockets (tipping point 2023); driverless cars (tipping point 2026). Anticipating and adapting to change has always been a characteristic of successful association leaders. MORE